Visaman Global Sales Ltd

Trading

Offer Period :

24th to 6th Jun 2024

Visaman Global Sales Ltd IPO Details

IPO Date 24th to 6th Jun 2024 Minimum Investment ₹129000 / 1 Lots
Listing Date 2024-07-01 Maximum Investment ₹129000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹16.05 Crores
Price ₹43 to ₹43 per share Fresh Issue ₹16.05 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 24th to 6th Jun 2024
Listing Date 2024-07-01
Face Value ₹10 per share
Price ₹43 to ₹43 per share
Lot Size 1 Lots (3000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹129000 / 1 Lots
Maximum Investment ₹129000 / 1 Lots
Total Issue Size ₹16.05 Crores
Fresh Issue ₹16.05 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

24th Jun

IPO Starts

26th Jun

IPO Ends

27th Jun

Allotment Date

28th Jun

Initiation of Refund

28th Jun

Credit of Shares to Demat Account

1st Jul

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 72.98
Public Group 0 27.02

Visaman Global Sales Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1770000(47.43%)
Retail Shares Offered 1770000(47.43%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3732000
Total Shares With Anchor Investor 3732000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Visaman Global Sales Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 8108114949
Email Id visamanglobal.smeipo@linkintime.co.in
Our Website www.linkintime.co.in

Visaman Global Sales Ltd IPO Lead Manager

1. Shreni Shares Ltd

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Visaman Global Sales Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Non Institutional Investors 19,62,000 32,25,000 5,673.0
Retail Individual Investors (RIIs) 17,70,000 1,70,19,000 5,673.0
Total 37,32,000 2,02,62,000 5,673.0

Strength of Visaman Global Sales Ltd

1. Strong Customer Base.

2. Strong Customer Base.

3. Leveraging the experience of its Promoters and Management Team.

4. Comprehensive solution for logistics requirement.

5. Existing Supplier Relationship.

6. Location Advantage.

7. ISO Certified Organization.

8. In depth understanding of customers' requirements.

Risks Involved

1. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

2. The company could become liable to customers, suffer adverse publicity and incur substantial costs as a result of defects in its products, which in turn could adversely affect the company's business operations and its sales could be diminished if the compan is associated with negative publicity.

3. The demand and pricing in the steel industry is volatile and are sensitive to the cyclical nature of the industries it serves. A decrease in steel prices may have adverse effect on its business, results of operations margins and financial condition.

4. The company generates a substantial portion of revenue from the region of Gujarat. Any adverse developments affecting its operations in Gujarat region could have an adverse impact on its revenue and results of operations.

5. Its Revenue supply of Pipes contribute significantly to the company revenue from operation. Any loss of business from such products may adversely affect its revenues and profitability.

6. The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.

7. Its business is a High Volume-Low Margin Business.

8. The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.

9. The company depends on the success of its relationships with its customers. The company's top ten customers contribute majority of its revenues from operations. If one or more of such customers choose not to source their requirements from it, the company's business, financial condition and results of operations may be adversely affected.

10. The company is heavily dependent on one of its suppliers, M/s. APL Apollo Tubes Limited for whom the company is distributors for procurement and sale of its traded goods. Any disruption of supply from such entities may affect its business operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Visaman Global Sales Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-07-01 75628 VISAMAN
INE0BHK01012
₹43 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹43 ₹43
Open ₹0 ₹45.1
Low ₹0 ₹45.1
High ₹0 ₹47.35
Low ₹0 ₹45.1

Frequently Asked Questions

What is Visaman Global Sales Ltd IPO?

Answer Field

Visaman Global Sales Ltd IPO is a SME IPO of 37,32,000 equity shares of a face value of ₹10 aggregating up to ₹16.05 Crores. The issue is priced at ₹43 to ₹43 per share. The minimum order quantity is 3000 Shares. The IPO opens on June 24, 2024, and closes on June 26, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Visaman Global Sales Ltd IPO will open?

Answer Field

The Visaman Global Sales Ltd IPO opens on June 24, 2024 and closes on June 26, 2024.

What is the lot size of Visaman Global Sales Ltd?

Answer Field

Visaman Global Sales Ltd lot size is 3000 shares, and the minimum amount required is ₹1,29,000.

How to apply for Visaman Global Sales Ltd IPO?

Answer Field

You can apply in Visaman Global Sales Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Visaman Global Sales Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Visaman Global Sales Ltd IPO will be done on June 27, 2024, and the allotted shares will be credited to your demat account by June 28, 2024.

When is Visaman Global Sales Ltd IPO listing date?

Answer Field

The Visaman Global Sales Ltd listing date is July 01, 2024.

Who is the registrar of Visaman Global Sales Ltd IPO?

Answer Field

The registrar of Visaman Global Sales Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Shreni Shares Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Visaman Global Sales Ltd IPO?

Answer Field

The fresh issue size is ₹16.05 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Visaman Global Sales Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,29,000 amount.

How can I approve the UPI mandate request for Visaman Global Sales Ltd IPO?

Answer Field

To apply for Visaman Global Sales Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Visaman Global Sales Ltd?

Answer Field

The price of each Visaman Global Sales Ltd share will be ranging in between ₹43 to ₹43 per share.

What is the cut-off time for the UPI mandate for Visaman Global Sales Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 26, 2024.

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